Common use of Operating Clause in Contracts

Operating. RESPONSIBILITY Owner, in accordance with the terms of this Contract during the Term hereby delegates to Operator the exclusive authority and responsibility for the management and operation of the Hotel and Operator undertakes to operate and manage the Hotel in accordance with the terms hereof and in the same manner as is customary and usual in the operation of other similarly managed hotels in the same general geographical area and appealing to the same market in the Sheraton hotel system in the Sheraton Asia-Pacific Division subject to the operation always being of an international five-star service standard. Owner agrees to provide the necessary funds to maintain the Hotel as an international five-star Hotel. Operator shall have full powers to operate and manage the Hotel and shall make its best efforts to achieve good results.